2024 Annual Comprehensive Report

5) Solid Waste Management Fund Charges for current services totaled $14,167,483 as compared to $14,061,093 for the preceding year, an increase of 0.8%. Operating expenses (excluding depreciation) totaled $21,746,737 as compared to $21,665,107 for the preceding year, an increase of 0.4% primarily due to increases in employee wages. 6) Greensboro Transit Advisory Commission Charges for current services totaled $2,003,231 as compared to $1,806,396 in the preceding year, an increase of 10.9% primarily due fare service collection continuing to return to post-pandemic normalcy and the launch of the first crosstown bus route. Operating expenses (excluding depreciation) totaled $31,990,015 as compared to $29,541,869 in 2023, an increase of 8.3%, primarily due to increased personnel and operational costs. This operation is primarily funded with grants and property and motor vehicle tax. Grant funding was significantly less due to completion of certain American Rescue Plan Act awards at $2,452,433, down from $13,648,288 in the prior year. 7) Parking Facilities Fund Charges for current services totaled $3,402,630 as compared to $3,222,407 in the preceding year, an increase of 5.6%. The increase in parking fee revenue is due to the increasing attendance in activities taking place downtown. Operating expenses (excluding depreciation) totaled $4,672,643 as compared to $2,793,481 for the preceding year, an increase of 67.3% due to increased maintenance and operation expenses related to demolition and construction costs of the new downtown February One parking deck.

Figure 3 Expenses and Program Revenues – Business-Type (In thousands of dollars)

Parking Facilites

GTA

Solid Waste

Coliseum

Stormwater

Sewer

Water

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20,000 40,000 60,000 80,000 100,000

Program Revenue Expenses

2n